Key Takeaways
- • Truelink Capital, a Los Angeles-based private equity firm with over $4.3 billion in assets under management, has signed a definitive agreement to acquire the global intrusion products business of Johnson Controls (NYSE: JCI).
- • The Business is a global leader in intrusion detection and alarm communication products, including panels, sensors, and detectors, sold primarily through security dealers under brands such as DSC, Qolsys, PowerG, Visonic, Bentel, and Sur-Gard.
- • The transaction is expected to close in the first half of calendar 2027, subject to customary closing conditions and regulatory approvals; financial terms were not disclosed.
- • The deal marks the fourth platform investment for Truelink Capital Fund II and follows Truelink's 2024 acquisition of Air Distribution Technologies, Inc., another Johnson Controls carve-out.
- • Evercore served as financial advisor to Truelink, and the Business will operate as an independent, standalone company with Truelink committing capital to new product development, R&D, and add-on acquisitions.
Summary
Truelink Capital, a Los Angeles-based private equity firm focused on growth and long-term value creation, announced that it has entered into a definitive agreement to acquire the global intrusion products business of Johnson Controls (NYSE: JCI), according to a PR Newswire release dated October 26, 2026. Financial terms of the transaction were not disclosed. The deal is expected to close in the first half of calendar year 2027, subject to customary closing conditions and regulatory approvals.
The Business designs and produces intrusion detection and alarm communication products, including panels, sensors, and detectors, sold primarily through security dealers. Its portfolio includes DSC, Qolsys, PowerG, Visonic, Bentel, and Sur-Gard. The Business serves dealers, integrators, distributors, and service providers across North America, Latin America, EMEA, and APAC. Its roots date to 1973; it was built through Tyco's acquisitions of DSC and Visonic and became part of Johnson Controls through the 2016 merger with Tyco.
Following closing, the Business will operate as an independent, standalone company with dedicated leadership, faster decision cycles, and a capital structure intended to support growth. Truelink intends to invest significantly in next-generation panels, sensors, communicators, and interactive platforms, expand engineering capacity, strengthen brand and channel programs, and pursue expansion into adjacent and international markets. Further investment and organizational announcements are expected in the coming months.
Todd Golditch, Co-Founder and Managing Partner of Truelink Capital, said the company sees "tremendous runway ahead for the Business" and plans to invest behind core brands, R&D, and product development, as well as pursue adjacent product categories and new customer segments through organic growth and strategic add-on acquisitions.
The transaction reflects Truelink's focus on industrials and business services sectors and marks the fourth platform investment for Truelink Capital Fund II. It follows Truelink's 2024 acquisition of Air Distribution Technologies, Inc., also a Johnson Controls carve-out. Evercore served as financial advisor to Truelink.
The Business designs and produces intrusion detection and alarm communication products, including panels, sensors, and detectors, sold primarily through security dealers. Its portfolio includes DSC, Qolsys, PowerG, Visonic, Bentel, and Sur-Gard. The Business serves dealers, integrators, distributors, and service providers across North America, Latin America, EMEA, and APAC. Its roots date to 1973; it was built through Tyco's acquisitions of DSC and Visonic and became part of Johnson Controls through the 2016 merger with Tyco.
Following closing, the Business will operate as an independent, standalone company with dedicated leadership, faster decision cycles, and a capital structure intended to support growth. Truelink intends to invest significantly in next-generation panels, sensors, communicators, and interactive platforms, expand engineering capacity, strengthen brand and channel programs, and pursue expansion into adjacent and international markets. Further investment and organizational announcements are expected in the coming months.
Todd Golditch, Co-Founder and Managing Partner of Truelink Capital, said the company sees "tremendous runway ahead for the Business" and plans to invest behind core brands, R&D, and product development, as well as pursue adjacent product categories and new customer segments through organic growth and strategic add-on acquisitions.
The transaction reflects Truelink's focus on industrials and business services sectors and marks the fourth platform investment for Truelink Capital Fund II. It follows Truelink's 2024 acquisition of Air Distribution Technologies, Inc., also a Johnson Controls carve-out. Evercore served as financial advisor to Truelink.
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